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Dan Marks is keynote speaker at Banff World Television Festival
MUMBAI: In keeping with its tradition of delivering television’s greatest power players as keynote speakers, The Banff World Television Festival announced that its first speaker will be Dan Marks, CEO, Television Services, British Telecommunications (BT).
Dan Marks joined BT from Universal Studios where he was president of Universal Studios Networks UK. He is responsible for developing BT’s next-generation television service, for launching it and for managing its marketing, programming, legal, commercial, operational and development activities. Television Services is the group within BT’s consumer business responsible for BT’s new consumer television offering launching in 2006. Dan brings a wealth of television knowledge to his keynote address with his experience in broadcast, on-demand services and production.
Previously, Marks was senior vice-president, business development for Universal Studios’ worldwide TV channels business. Marks also held positions at Video Networks Limited and TV3 Russia and worked over 10 years in Los Angeles as a documentary film producer and director. Dan’s background in strategic development, content partnerships and development of new TV opportunities based on new technologies will be instrumental in enabling the launch of BT’s world-leading next-generation TV launch later this year.
Banff World Television Festival, director of content Jennifer Harkness commented, “I am especially thrilled to announce Dan Marks as one of our 2006 keynote speakers. He has had a distinguished television career and delegates will greatly appreciate his particular knowledge of the industry. The 27th Banff World Television Festival is committed to bringing television industry leaders from around the world for our attendees to learn from and network with – and it does so year after year.”
MUMBAI: When margins wobble, liquidity talks and in Q3 FY25-26, cash did most of the talking. Den Networks Limited closed the December quarter with consolidated revenue of Rs.251 crore, marginally higher than the previous quarter but down 4 per cent year-on-year, even as profitability stayed resilient on the back of strong cash reserves and disciplined cost control.
Subscription income softened to Rs.98 crore, slipping 3 per cent sequentially and 14 per cent from last year, while placement and marketing income offered some cheer, rising 15 per cent quarter-on-quarter to Rs.148 crore. Total costs climbed faster than revenue, up 7 per cent QoQ to Rs.238 crore, driven largely by higher content costs and operating expenses. As a result, EBITDA dropped sharply to Rs.13 crore from Rs.19 crore in Q2 and Rs.28 crore a year ago, pulling margins down to 5 per cent.
Yet, the bottom line refused to blink. Profit after tax stood at Rs.40 crore, up 15 per cent sequentially and only marginally lower than last year’s Rs.42 crore. A healthy Rs.57 crore in other income helped cushion operating pressure, keeping profit before tax at Rs.48 crore, broadly stable quarter-on-quarter despite the tougher cost environment.
The real headline-grabber, however, sits on the balance sheet. The company remains debt-free, with cash and cash equivalents swelling to Rs.3,279 crore as of December 31, 2025. Net worth rose to Rs.3,748 crore, while online collections accounted for 97 per cent of total receipts, underscoring strong cash discipline across operations, including subsidiaries.
In short, while Q3 showed signs of operating strain, the financial backbone remains solid. With zero gross debt, steady profits and a formidable cash war chest, the company enters the next quarter with flexibility firmly on its side proving that in uncertain markets, balance sheet strength can be the best growth strategy.
